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PARIS — Kering said sales fell 8.2 percent in the fourth quarter, dragged down by a worse-than-expected performance at its star brand Gucci. The French luxury conglomerate reported on Wednesday ...
The leather-weaver Bottega Veneta was transformed into a "quiet luxury" icon, hitting the billion-dollar mark in sales in 2012. [30] In 2014, Kering created its own eyewear production arm, Kering Eyewear, growing its revenue to 1.5 billion euros in 2023, and acquired the eyewear brands Lindberg in 2021 [ 31 ] and Maui Jim in 2022. [ 32 ]
Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China.
The luxury boom of the pandemic era has turned into a bust, hurting some of the industry’s most prominent players. The latest victim is Gucci and Yves Saint Laurent’s French owner, Kering.
In 2022, the Singapore Retailers Association organised its last Great Singapore Sale from 9 September to 10 October 2022. In 2023, the Singapore Retailers Association announced that it would no longer organise the Great Singapore Sale, and instead act as a coordinating partner where they would announce the date and allow the retailers and e ...
The product was new to Nigeria and Tolaram's management desire was to market the brand, obtain significant following and attain market leadership. Further investments were made in the country when the group absorbed the haulage business of Blackwood Hodge integrating it with its Indomie enterprise to deliver supplies to wholesalers. [ 6 ]
Gucci hired Tom Ford as its new creative director and was infamously in the news following the killing of its former head, Maurizio Gucci. Around the same time, LVMH’s CEO Bernard Arnault was ...
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...